|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
|
Inspirato Incorporated (Name of Issuer) |
Class A Common Stock, $0.0001 par value per share (Title of Class of Securities) |
45791E107 (CUSIP Number) |
Kerry L. Killeen Revolution LLC, 1717 Rhode Island Avenue, N.W., 10th Fl. Washington, DC, 20036 (202) 776-1400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
12/18/2024 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 45791E107 |
| 1 |
Name of reporting person
Revolution Management Company LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
822,300.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 45791E107 |
| 1 |
Name of reporting person
Revolution Portico Holdings LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
766,050.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 45791E107 |
| 1 |
Name of reporting person
Exclusive Resorts, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
56,250.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.5 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 45791E107 |
| 1 |
Name of reporting person
Alps Investment Holdings LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 45791E107 |
| 1 |
Name of reporting person
Stephen M. Case | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
822,300.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Class A Common Stock, $0.0001 par value per share | |
| (b) | Name of Issuer:
Inspirato Incorporated | |
| (c) | Address of Issuer's Principal Executive Offices:
1544 Wazee Street, Denver,
COLORADO
, 80202. | |
Item 1 Comment:
This Amendment No. 4 (this "Amendment No. 4" or this "Schedule 13D/A") amends and supplements the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on February 22, 2022, as amended and restated on November 22, 2023 and further amended on October 28, 2024 (as amended and restated and amended, the "Original Schedule 13D") by the Reporting Persons. Unless otherwise defined herein, capitalized terms used in this Amendment No. 4 shall have the meanings ascribed to them in the Original Schedule 13D. Unless amended or supplemented below, the information in the Original Schedule 13D remains unchanged. | ||
| Item 2. | Identity and Background | |
| (a) | This Schedule 13D/A is being filed on behalf of Revolution Portico Holdings LLC ("Portico"), Exclusive Resorts, LLC ("Exclusive"), Alps Investment Holdings LLC ("Alps"), Revolution Management Company LLC ("Revolution"), and Stephen M. Case ("Case"). Portico, Exclusive, Alps, Revolution and Case are collectively referred to herein as the "Reporting Persons." The agreement among the Reporting Persons to file this Schedule 13D/A jointly in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, (the "Act") is attached hereto as Exhibit 99.1. The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13D/A. | |
| (b) | The principal business office of the Reporting Persons other than Exclusive is 1717 Rhode Island Avenue NW, 10th Floor, Washington, DC 20036. The principal business office of Exclusive is 1601 19th St., Suite 500, Denver, CO 80202. | |
| (c) | The principal business of the Reporting Persons other than Exclusive is venture capital investments. The principal business of Exclusive is a destination club. Case serves as the manager of Revolution, which is the manager of each of Portico, Exclusive and Alps. | |
| (d) | During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | |
| (e) | During the last five years, none of the Reporting Persons was a party to a civil proceeding of a judicial of administrative body of competent jurisdiction or were subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | |
| (f) | Each of Portico, Exclusive, Alps and Revolution was organized in the state of Delaware and Case is a citizen of the United States. | |
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Rows 11 and 13 of each Reporting Person's cover page to this Schedule 13D/A set forth the aggregate number of shares of Class A Common Stock and percentages of the shares of Class A Common Stock beneficially owned by such Reporting Person and are incorporated by reference. The percentage set forth in each row 13 is based upon 10,815,266 shares of Class A Common Stock outstanding as of October 29, 2024, as reported in the Issuer's prospectus dated December 4, 2024 filed with the SEC on December 5, 2024.
The Reporting Persons' ownership of the Issuer's securities consists of (i) 766,050 shares of Class A Common Stock directly held by Portico and (ii) 56,250 shares of Class A Common Stock directly held by Exclusive.
Revolution serves the sole manager of each of Portico, Exclusive and Alps and Case is the manager of Revolution. Each of Revolution and Case possesses power to direct the voting and disposition of the shares held by each of Portico, Exclusive and Alps. | |
| (b) | Rows 7 through 10 of each Reporting Person's cover page to this Schedule 13D/A set forth the number of shares of Class A Common Stock as to which such Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition and are incorporated by reference. | |
| (c) | Except as set forth below, none of the Reporting Persons has effected any transactions with respect to the securities of the Issuer during the past sixty days.
Weighted Low High
Reporting No. Average Price Price
Transaction Person Date Shares Price ($) ($) ($)
Open Market Sale Portico 11/12/2024 1,060 3.36 3.33 3.43
Open Market Sale Portico 11/13/2024 3,796 3.44 3.27 3.77
Open Market Sale Portico 11/14/2024 10,821 3.41 3.30 3.54
Open Market Sale Portico 11/15/2024 9,804 3.40 3.33 3.54
Open Market Sale Portico 11/18/2024 5,044 3.37 3.33 3.49
Open Market Sale Portico 11/19/2024 3,447 3.49 3.34 3.60
Open Market Sale Portico 11/20/2024 1,800 3.77 3.59 3.89
Open Market Sale Portico 11/21/2024 4,261 3.62 3.52 3.72
Open Market Sale Portico 11/22/2024 891 3.71 3.58 3.86
Open Market Sale Portico 11/25/2024 3,012 3.89 3.74 4.03
Open Market Sale Portico 11/26/2024 6,087 3.68 3.55 3.85
Open Market Sale Portico 11/27/2024 1,063 3.70 3.60 3.90
Open Market Sale Portico 11/29/2024 2,156 3.70 3.64 3.75
Open Market Sale Portico 12/02/2024 554 3.67 3.63 3.72
Open Market Sale Alps 12/03/2024 2,694 3.67 3.65 3.74
Open Market Sale Alps 12/04/2024 6,769 3.74 3.56 3.96
Open Market Sale Alps 12/05/2024 6,985 3.68 3.57 3.83
Open Market Sale Alps 12/06/2024 3,525 3.63 3.60 3.74
Open Market Sale Portico 12/09/2024 4,814 3.48 3.34 3.56
Open Market Sale Portico 12/10/2024 6,633 3.27 3.21 3.38
Open Market Sale Portico 12/13/2024 2,758 3.55 3.50 3.59
Open Market Sale Portico 12/16/2024 1,702 3.45 3.40 3.50
Open Market Sale Portico 12/17/2024 2,670 3.41 3.40 3.44
Open Market Sale Portico 12/18/2024 25,000 3.42 3.40 3.56
Open Market Sale Portico 12/19/2024 25,000 3.50 3.40 3.67 | |
| (d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the securities beneficially owned by any of the Reporting Persons. | |
| (e) | Not applicable. | |
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit 99.1 Joint Filing Agreement | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|
|
|
|
|
|
|
|
|